Even though Pete did a complete job of deciphering the terms and conditions, there's one point that stands out above all the rest. This is standard for ALL grading services by the way.

Grading involves individual judgments that are subjective and require the exercise of professional opinion which can change from time to time. Therefore, IGS makes no guarantee or representation and shall have no liability whatsoever to the customer for the grade assigned by IGS to any item.

If anyone has any doubts. Please ask a coin collector what grading did for their hobby. Even without the scams and the frauds, who graded their own coins and sold them as investments to people who got taken to the cleaners. Ignoring the people who re-submitted coins until they were graded higher. Ignoring that the grading appears to have had a creep up and older coins are graded lower than recent graded coins. Ignoring all of this, grading has done nothing to improve the hobby except raise prices for dealers at the increase in cost to the collectors.

Investors who are looking to get into your pockets, want grading and slabbing. The company that will seal your chip, into some bogus plastic case, wants your money and doesn't give a hoot about collecting or the hobby. These people want to buy chips, pump up the prices and dump them back on us.

The friendly dealers we all know and love, don't want chip grading!

The point is that it's outsiders, who don't care, and don't collect, who are in favor of slabbing and grading.